Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 1,382.2 | 1,290.8 | 1,289.9 | 1,242.6 | 1,188.4 | 801.3 | 1,109.5 | 891.5 |
Revenue growth | 7.1% | 0.1% | 3.8% | 4.6% | 48.3% | -27.8% | 24.5% | 5.0% |
Cost of goods sold | 625.6 | 583.5 | 540.8 | 503.0 | 465.4 | 370.7 | 404.0 | 331.1 |
Gross profit | 756.7 | 707.3 | 749.0 | 739.5 | 723.1 | 430.6 | 705.4 | 560.4 |
Gross margin | 54.7% | 54.8% | 58.1% | 59.5% | 60.8% | 53.7% | 63.6% | 62.9% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 36.7 | 33.2 | 29.5 | 28.1 | 23.1 | 20.1 | 22.9 | 21.8 |
General and administrative | 39.6 | 37.4 | 34.2 | 32.1 | 30.8 | 27.8 | 27.0 | |
EBITA | -469.0 | -488.0 | -505.4 | -496.4 | -557.7 | -579.5 | -430.4 | 651.2 |
EBITA margin | -33.9% | -37.8% | -39.2% | -40.0% | -46.9% | -72.3% | -38.8% | 73.1% |
Amortization of intangibles | 5.8 | 7.5 | 7.3 | 7.7 | 9.0 | 7.4 | 17.7 | 8.9 |
EBIT | -474.8 | -495.5 | -512.7 | -504.1 | -566.7 | -586.9 | -448.1 | 642.4 |
EBIT margin | -34.3% | -38.4% | -39.7% | -40.6% | -47.7% | -73.2% | -40.4% | 72.1% |
Pre-tax income | 377.8 | 327.1 | 308.0 | 253.6 | 161.2 | 50.2 | 152.1 | 356.5 |
Income taxes | 119.2 | 94.6 | 98.8 | 77.6 | 26.1 | -1.9 | 41.8 | 125.0 |
Tax rate | 31.6% | 28.9% | 32.1% | 30.6% | 16.2% | | 27.5% | 35.1% |
Net income | 239.4 | 220.4 | 208.0 | 172.4 | 125.5 | 25.4 | 102.5 | 222.7 |
Net margin | 17.3% | 17.1% | 16.1% | 13.9% | 10.6% | 3.2% | 9.2% | 25.0% |
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Diluted EPS | $4.30 | $4.03 | $3.89 | $3.26 | $2.39 | $0.50 | $2.13 | $4.62 |
Shares outstanding (diluted) | 55.7 | 54.6 | 53.5 | 52.8 | 52.5 | 50.4 | 48.2 | 48.2 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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